Join AAEON for Live Discussions, Demos, and More at the 10th Annual SIDO Lyon Exhibition
Explore the digital pillars of Industry 4.0 with AAEON’s innovative AI Demos at SIDO Lyon 2024.
(Taipei, Taiwan – September 10, 2024) AAEON, a leading IoT platform provider, will be exhibiting a range of live demonstrations featuring both new and upcoming products at Booth #O205 of SIDO Lyon from September 18 to September 19, 2024.
Date: September 18 – September 19, 2024
Booth:#O205
Venue: CitéInternationale, Lyon
Get your free expo pass here: Code: E-AAELY24
At Booth #O205, AAEON will showcase exciting additions to its product lines utilizing technology from premier partners, representing the diversity in AAEON’s product capabilities.
Highlighting AAEON’s compatibility with NVIDIA technology, the showcase will feature the NIKY-2155, set to enter mass production later this year. Programmed to function as a smart scale for detecting, weighing, and pricing fruits and vegetables, it will utilize the NVIDIA® Jetson Orin Nano™.
Showcasing AAEON’s adoption of Intel® Arc™ graphics is a worker activity recognition application incorporating the recently-released EPIC-RPS9and MXM-ACMA, leveraging the inferencing power of Intel’s newest graphics technology to detect unexpected behavior, and dangerous situations, and improve worker safety.
AAEON’s final demonstration will be an object detection device powered by the board counterpart of the UP Squared Pro 710H Edge, alongside Innodisk EV2M-GOM1 MIPI cameras and integrated Hailo-8™ AI accelerator.
Also available will be a much-anticipated roundtable on the topic of how IoT, AI, and machine learning can benefit customers across different industries. The discussion is scheduled from 9.30 am to 10.15 am on September 18 in the Confluence Auditorium.
Speakers:
- Guillaume Roy (Head of Smart Industry – SopraSteria)
- Jean-Laurent Gazelle (Business Development Manager Southern Europe – AAEON)
- Arthur Jacquemet (Co-founder and CEO – Fabera)
- Pierre-Yves Le Morvan (Senior Account Manager Industrial and Manufacturing – NVIDIA)
Alongside its live demos, AAEON will also be showcasing a broad selection of static demos from across its varied catalog, including a number of as-yet unreleased models.
Visitors are encouraged to join AAEON at Booth #O205, where representatives will be delighted to discuss the products and provide details of the demonstrations on display.
For more information about the SIDO Lyon, or to register to attend, please visit the official exhibition website and be sure to use the code E-AAELY24 to obtain a free visitor’s pass.
Travel
7 Unique Christmas Vacation Ideas For A Holiday Adventure
With the summer over and travelers returning to reality, they may already be thinking about their next big vacation – the Christmas holidays. While the allure of a white Christmas from the comfort of home is tempting for most, 20 million Americans last year used the holiday season to embark on an adventure abroad. With so many people traveling at the same time, vacationers might want to jet off somewhere different.
“The modern traveler craves experiences that are as unique as they are unforgettable,” says Adventure Life’s travel experts. “While the festive season is undeniably magical, it can also be overcrowded. So it might be a good idea to venture off the beaten paths.”
Adventure Life has curated a list of seven unique travel destinations that they believe would make for the perfect Christmas vacation this year. Each item on the list promises adventure, relaxation, cultural immersion, and most of all – distance from the hustle and bustle of the typical tourist hotspots.
Adventure Life’s 7 Unique Christmas Travel Destinations
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Galapagos Islands, Ecuador
A Christmas cruise to the Galapagos Islands can be an opportunity to share the waters with many marine creatures found nowhere else on the planet, including giant tortoises, marine iguanas, and perhaps even the elusive blue-footed booby. Snorkeling happens to be a popular activity here.
Adventure Life reveals that “Galapagos cruises during the holidays are particularly sought after and traditionally sell out a year or two in advance.”
Many wildlife animals have mating seasons through December, so they are more active and visible than in other months. Interestingly, the marine iguana there is known as the “Christmas Iguana.”
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New Zealand
Christmas in New Zealand means summer vacation. Schools are closed, and the focus is on festivities. One popular Christmas activity for Kiwis is sailing. The marinas are full of astoundingly decorated boats.
“The evergreen Pohutukawa trees in New Zealand bloom bright red flowers every December, giving them the status of the New Zealand Christmas tree,” says Adventure Life.
“Hell’s Gate” in Rotorua could also make for a memorable Christmas spot. It’s an active geothermal reserve housing a mud spa with healing properties, a mud volcano, and overall 50 acres of erupting waters, colored pools, hot water lakes, bubbling mud, steaming cliffs, sulfur crystals, and land coral.
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Costa Rica
Christmas—or, as it’s known in Costa Rica, “Noche Buena”—can be spent marveling in a rainforest or in the capital, San Jose, enjoying the month-long extravaganzas and ample festivals.
Costa Rica’s Christmas traditions are a unique blend of fiesta, family, and food. The country boasts lush jungles, stunning beaches, and abundant wildlife. “From zip-lining through the canopy to relaxing on pristine beaches, Costa Rica offers a perfect balance of adventure and relaxation,” says Adventure Life.
They recommend vacationers try ‘tamales’, the main Christmas dish at every Costa Rican house, while visiting.
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Slovenia
For those seeking a tranquil and less crowded Christmas experience, Slovenia is the place to go. Its charming alpine villages, serene lakes, and cozy holiday markets create a peaceful atmosphere, perfect for a stress-free holiday.
Visitors can enjoy theaters, museums, restaurants, and festive Christmas markets, like the Ljubljana Festive Fair. Many towns and cities deck out their historic centers.
Those looking for a romantic atmosphere may consider spending time in Radovljica or Ptuj, Slovenia’s oldest town. During the season, thousands of twinkling lights are put up in the town.
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Iceland
For the ultimate winter wonderland experience, Iceland is the place to go. Although the sun only appears in the sky for four to five hours a day, the high festive spirits combat any seasonal blues!
Iceland is one of the best places to hunt for the Northern Lights, explore ice caves, and soak in geothermal hot springs.
“December is one of the best times to visit Iceland,” says Adventure Life. “It’s a destination that will leave you with lifelong memories.”
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Thailand
Thailand offers a vibrant nightlife, great dining experiences, Buddhist temples, serpentine canals, and lively, authentic street life.
The weather is perfect at Christmas, and the rainy season is over. Adventure Life says, “The beaches are stunning, the food is finger-licking, and the people are warm and friendly.”
Although Christmas is not an official holiday in Thailand, the famous beaches will likely still be crowded. So, for a quiet Christmas, vacationers can head to less well-known but equally beautiful beaches like Koh Lanta or Koh Mook.
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Bhutan
Bhutan is not considered a trendy tourist spot, but trends show that the Himalayan paradise is growing in popularity.
Bhutan offers a unique blend of culture, spirituality, and natural beauty for those seeking spiritual rejuvenation. “It’s a low season for travelers, so expect to find fewer crowds and lodging discounts,” says Adventure Life.
Most major cities in Bhutan are filled with Christmas decorations, and tourists can feel the festivity in the air.
Adventure Life encourages travelers to step outside their comfort zone and explore the world’s hidden treasures during the holiday season. “With careful planning and a sense of adventure, you can create a truly magical and memorable Christmas.”
Leptos Estates urges Indians to seek Permanent Residency in Cyprus a beautiful European Country
Mumbai: September 9th, 2024 – Cyprus, a stunning island located in the eastern Mediterranean Sea that draws hordes of tourists from across the world for its turquoise waters, virgin beaches and natural beauty, has now become the most sought after European destination among tourists and real estate investors from across the world.
Leptos Estates, a leading real estate developer in Cyprus, invites Indian investors and world travellers to seize the opportunity to explore Permanent Residency in Cyprus — the last destination in the EU offering an economical PR option with a minimum property investment of €300,000 plus VAT.
The island nation remains the only European destination providing Permanent Residency to jet-setting world travellers at this accessible rate.
Recently, Greece, another popular European destination, raised the cost of its Golden Visa Programme from €250,000 to €400,000, with real estate investments in sought-after areas ( in 95% of Greece where the population is over 3100 Souls) like Santorini, Attica, Thessaloniki, and Mykonos now requiring €800,000.
Over the past few months, Leptos Estates, with over six decades of experience specializing in residential, commercial, and holiday residences, including premium apartments and luxury villas in Cyprus and Greece, has witnessed a significant interest in its properties across both Greece and Cyprus from both real estate investors and tourists alike. In Greece, the firm saw an encouraging 37% surge in property sales made to Indian buyers over the past few months.
“If you look at all the European destinations popular among Indians, you’ll find that Cyprus is the last-standing country that currently offers an affordable EU Permanent Residency.
Ireland, Spain, Portugal have all closed their entries via real estate investment and Greece has most recently hiked its entry costs enormously in most areas. That leaves only Cyprus, offering all the Mediterranean attractions, as your last hope to secure a Good Plan B! We hope Indian investors and prospective home buyers make the most of this opportunity and grab their chance to own a PR in Cyprus,” said Sanjay Sachdev, Group Marketing Director, Leptos Estates.
Tourists from across the world including Asia, Middle East, Uk and Israel are frequently travelling to Cyprus, a premier holiday destination, to soak in the sun and sand and enjoy the coastal vibe of the island. From January to July this year, Cyprus welcomed over 2.2 million tourists, a 3.1% increase compared to the same period in 2023, as per data provided by the Cyprus Statistical Service.
Strategically positioned at the crossroads of three continents — Europe, Asia and Africa— Cyprus offers a combination of high quality of life and year-round sunshine for tourists and the ease of doing business and investment incentives for investors.
A Cyprus PR card offers a host of incentives and benefits that include free government education and healthcare, as well as easy travel to Schengen countries for the applicant, their spouse, and children. Those who acquire PR can also enjoy strong returns on investment (ROI) through rental income and capital appreciation while benefiting from the island’s business-friendly and tax-efficient environment.
Leptos Estates offers a wide range of properties currently eligible for Cyprus Permanent Residency — three of its main developments are Venus Gardens, a unique residential resort located just a short walk from the Paphos coastline and the blue waters of the Mediterranean Sea. Coral Sea Villas, freehold-detached seafront villas in one of the most sought-after locations in Paphos; and spacious apartments in Limassol Park, surrounded by acres of green fields.
ROHL opens second property in Nepal – Regenta Resort and Spa, Chitwan
Bengaluru, 09th September 2024: Expanding aggressively in India and overseas, Royal Orchid Hotels Ltd. (ROHL) announced the launch of ‘Regenta Resort and Spa, Chitwan’ in Nepal. This will be ROHL’s second property in the Himalayan country following the opening of their inaugural property ‘Regenta Place Sabrina’. Situated along the banks of the revered Narayani River and encircled by the picturesque Mahabharata Mountain panorama, the resort has been designed to cater to both corporate and recreational visitors who appreciate convenience, comfort, and value.
Chitwan, renowned for its abundant flora and fauna, accommodates a wide variety of species, including rare ones such as the Bengal Tiger, Gharial, Rhinoceros, Leopards, Mugger Crocodile as well as the Indian Rock Python. As the preeminent wildlife destination in Nepal, it attracts a substantial influx of visitors throughout the year. Regenta Resort and Spa, Chitwan is strategically located a short walk away from Chitwan National Park- a UNESCO World Heritage Site and offers guests an opportunity to visit one of the best-preserved national parks in Asia and embark on thrilling adventures through the dense forests. Making the most of the resort’s stunning location, guests can also immerse themselves in the rich cultural heritage and traditions of the neighborhood by visiting local attractions including Devghat, Jalbire Waterfall (Lamo Jharana), Chitwan Tharu Village, Bishazari Tal, and Elephant Breeding Centre that are just a short drive away.
Chander K. Baljee, Chairman and Managing Director, ROHL, commented, “India and Nepal have a long standing connection of history, culture, tradition, religion and more. We extend our deepest gratitude to the welcoming communities of Nepal for their unwavering support. We are on a rapid expansion spree, having added 481 keys this calendar year alone, taking the total keys under operations to 6397. We look forward to capitalising on this extraordinary location to elevate the hospitality landscape of Nepal and leave a lasting impression on our visitors and the communities.”
Spanning an expansive 4.6 acres, Regenta Resort and Spa, Chitwan offers a serene sanctuary amidst the natural environment and reflects the tapestry of local architecture and culture. The property houses a total of 51 well-appointed rooms including Plunge Pool Suite Rooms, unique Quad Rooms for backpackers and Premium Family Rooms with sweeping views of the jungle and Narayani River. Alongside featuring the spacious and elegantly crafted rooms, the newly launched hotel features a wide range of facilities for business and leisure travellers alike. ROHL’s in house multi cuisine restaurant “PINXX” offers guests an authentic gastronomical experience with Nepalese cuisines and cocktails alongside continental, Indian and Chinese food. The in-house spa allows guests to relax, unwind and rejuvenate with a wide range of massage therapies and treatments.
Philip Logan, COO of Royal Orchid Hotels Ltd, added, “Tourism is a significant contributor to Nepal’s economy and India has remained at the forefront of the inbound. Regenta Resort and Spa, Chitwan is another testament to our continuous endeavour to support neighbouring countries and create a thriving ecosystem in the hospitality industry.”
Regenta Resort and Spa, Chitwan, a perfect confluence of comfort and luxury, also provides an idyllic setting for business conferences, workshops, small functions and weddings or large-scale events with a choice of 3 different venues including Orchid Hall, Kitty Hall and a board room. The property is complete with a well-equipped fitness centre, a rejuvenating swimming pool and indoor and outdoor play arena.
AIPL Unveils Club Aqua at DreamCity Ludhiana: Luxury Meets Wellness
Ludhiana,9th September 2024: AIPL, India’s leading real estate development and hospitality enterprise, is thrilled to announce the grand opening of Club Aqua at AIPL DreamCity, Ludhiana. More than just a club, Club Aqua is a sanctuary where members can experience a life of balance, relaxation, and connection—every single day.
Set within the green and serene environment of AIPL DreamCity, Club Aqua invites its members into a world of comfort and sophistication, where every detail is designed to enhance daily living. From your early morning swim in the refreshing pool to an energizing session at the state-of-the-art gym, Club Aqua offers a place where wellness meets luxury, giving you the tools to not just live but thrive.
Imagine stepping into the tranquil card room or library after a long day, where the peaceful atmosphere allows you to unwind and rejuvenate your spirit. Families will find dedicated spaces for children, ensuring that every family member has a place where they feel at home. Whether it’s a game of tennis, a casual gathering in the sports area, or a relaxing evening enjoying gourmet cuisine, Club Aqua promises to turn everyday moments into cherished memories.
“Our vision with Club Aqua goes beyond luxury—it’s about creating a space where our members can enjoy the finer things in life while cultivating meaningful connections with their family, friends, and neighbours. We believe in elevating your everyday experiences, making wellness, leisure, and community an integral part of life,” said Shamsheer Singh, Director at AIPL.
The culinary offerings at Club Aqua will leave even the most seasoned palates longing for more. Our expert chefs have created a menu that transports you around the world without ever leaving Ludhiana. Picture yourself savoring the bold flavors of Mediterranean Dishes, indulging in the aromatic spices of authentic Asian delicacies, or losing yourself in the comfort of classic European dishes, rich with tradition. And if you’re craving something closer to home, our chefs bring the vibrant tastes of progressive Indian cuisine to life, offering everything from modern twists on traditional favorites to the finest in contemporary dining. For those seeking something more adventurous, Japanese delicacies await—think fresh sushi, tempura, and more, prepared with precision and passion. Every dish is crafted to tantalize your taste buds, offering an unforgettable journey through the world’s finest cuisines
Club Aqua’s thoughtfully designed amenities offer a daily escape from the rush of the outside world. Parents can relax knowing that their children are safe and engaged in activities in the spacious play area. Evenings turn into special occasions at Club Aqua, with options for casual family meals at the restaurant or social evenings at the café or bar.
The luxurious yet welcoming design of Club Aqua caters to every mood—whether you’re seeking serenity or connection. The beautifully landscaped outdoor seating deck is perfect for quiet reflection, while the stunning waterfall feature wall adds a sense of calm to the surroundings.
Complementing this luxurious lifestyle, AIPL DreamCity, Ludhiana, was awarded the “Excellence in Prime Township” by ET Now in 2024, offers a thriving community across 500 acres of green and well-planned spaces. With everything from schools, police station, and religious sites, AIPL DreamCity Ludhiana fosters a sense of belonging, where families can grow, friendships can flourish, and life can be enjoyed to the fullest.
At Club Aqua, luxury isn’t just an indulgence—it’s woven into the fabric of everyday life, creating moments that inspire joy, well-being, and togetherness. Join us and discover the perfect balance between luxury, lifestyle, and community.
Signature Global Awards Rupees1,144 Crore Contract to Ahluwalia Contracts for ‘De-luxe DXP’ in Gurugram
New Delhi, September 09, 2024: Signature Global, India’s leading real estate player, has conferred the construction contract of 1144 crore rupees to Ahluwalia Contracts (India) Ltd., a renowned construction, infrastructure, and engineering company, for its first premium residential project, ‘De-luxe DXP,’ located in Sector 37D, Dwarka Expressway, Gurugram, is expected to redefine luxury living in the region.
Mr. Lalit Kumar Aggarwal, Vice Chairman of Signature Global (India) Ltd., says that “We are elated to embark on the construction of our first premium project, De-luxe DXP, which reflects our vision of creating iconic residential spaces that seamlessly blend luxury and sustainability. Our collaboration with Ahluwalia Contracts guarantees a project that sets new benchmarks in design, amenities, and quality, offering a truly distinctive living experience for our customers.
We observed an overwhelming response from NRIs and corporate professionals during its launch, with each buyer being allotted only one unit, reflecting strong market sentiment toward real estate investment. Despite being our first premium project, De-luxe DXP created a stir in the Gurugram realty market, achieving a record pre-sale of over ₹3600 crore within just a few days of its pre-launch. With excellent connectivity to key areas, the project is designed to meet modern living expectations, providing a unique combination of comfort, practicality, and accessibility.”
Mr. Shobhit Uppal, Deputy Managing Director, Ahluwalia Contracts (India) Ltd says “We are honored to be chosen by Signature Global for this prestigious project. Our commitment to excellence aligns with their vision of delivering high-end residential spaces. We look forward to creating a landmark that stands as a testament to the best in construction and design.”
Ahluwalia Contracts aims to complete the De-luxe DXP project within stipulated regulatory timeframe I.e. 5 years.
Spread over 16.65 acres in Sector 37D, Gurugram, along the vibrant Dwarka Expressway, De-luxe DXP is poised to become a prime destination for luxury living. The project will offer 1008 units across 8 elegantly designed towers, featuring 3BHK, 3.5BHK, 4.5BHK apartments, and penthouses. It boasts a sales potential of 28.12 lakh sqft and is designed by renowned international architects AEDAS, with landscape design by Sanju Bose and Executive Architects is DFI, Structure consultant by Mahimtura, MEP consultant is Sanelac
The project is IGBC Gold-rated, ensuring sustainable living. De-luxe DXP offers a range of premium amenities to enhance the lifestyle of its residents. The project includes two clubhouses spanning 80,000 sq. ft., seven swimming pools, podium parking, VRV air conditioning, and four apartments per core. The spacious units come with large decks balconies, offering breathtaking views. De-luxe DXP also features one of the largest jogging track in the region, and a Miyawaki forest to promote environmental sustainability.
In addition to the luxurious amenities, the project includes 1 lakh sq. ft. of high-street retail space, making it a self-contained urban ecosystem. The location of De-luxe DXP ensures excellent connectivity with the Dwarka Expressway, NH-8, and Southern Peripheral Road, as well as proximity to Delhi, IGI Airport, the upcoming Global City, and a new metro line. This combination of connectivity, amenities, and design makes De-luxe DXP an ideal choice for prospective homeowners and investors.
Chennai, Ahmedabad, and Kolkata Emerge as Most Affordable Metros for Residential Investments: Magicbricks
New Delhi, September 6 2024: The Indian real estate market is currently experiencing a bull run, marked by soaring prices and escalating demand. At the same time, household incomes across the top 10 cities increased at a CAGR of 5.4%, while property prices surged at a CAGR of 9.3% (between 2020-2024). This growing gap in income and property price growth rates has weakened affordability.
Elaborating on the same, Magicbricks’ flagship report “Housing Affordability in Major Indian Cities” revealed that the Property Price to Annual Household Income Ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024 (higher than the globally accepted benchmarks of 5). Based on the P/I Ratio, the report observed that Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) emerged as the least affordable.
Explaining the trends, Sudhir Pai, CEO, Magicbricks shared “Between the latter half of 2021 and 2022, residential investments were at their most affordable. During this period, the market was experiencing a resurgence, characterized by low interest rates, recovering household incomes, and modest increase in residential prices. However, homeownership sentiment has since peaked, resulting in demand significantly outpacing available supply, leading to a rapid and substantial surge in residential prices, presenting new challenges for affordable housing.”
Furthermore, the report revealed that the EMI-to-monthly income ratio in India has risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially metros. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%) and Hyderabad (61%). In contrast, cities like Ahmedabad (41%), Chennai (41%) and Kolkata (47%) are relatively more affordable.
The report concluded that the current situation is likely to hit equilibrium conditions with market trends indicating a deceleration in price growth due to an anticipated increase in residential supply.
Siddha & Sejal Group opens EOI Phase of Final Tower at Siddha Sky, Sion NX
Mumbai, September 05, 2024: Siddha Group, a leading real estate developer with a national footprint, along with partner Sejal Group is excited to open the EOI Phase of their fifth and final tower; Code named “WOW OR NEVER” at their landmark project, ‘Siddha Sky’ located at Sion NX. Prospective buyers can avail Express of Interest (EOI) benefits worth Rs 21 Lacs, if booked within the offer period of August 29, 2024 to October 3, 2024.
‘Siddha Sky’ is centrally located at Sion NX and comprises 5 towers of 39 storeys’ each; with all the towers connected by Mumbai’s First Rooftop Skywalk. This project offers 2 & 3 Bed Lifestyle Residences. The project also offers 4+ Acres of open spaces, 22,000 sqft of Resident’s Club, and a range of amenities to help residents rejuvenate in a pollution free environment. With amenities like Sky Lounge, hammock seating, amphitheatre, Yoga and telescopic star gazing point, and many more on the Rooftop Skywalk – the occupants will have amazing experiences to cherish.
Mr. Samyak Jain, Director of Siddha Group, said, “We are extremely excited to announce the opening of EOI Phase for the final tower at Siddha Sky. Featuring Mumbai’s First Rooftop Skywalk, this tower is a testament to our unwavering commitment to excellence and our vision of blending modern opulence with timeless comfort. We are very happy at the response received so far. This is the opportunity of the season for buyers to make huge savings by booking now during the EOI Phase!!”
Sion NX is rapidly emerging as a sought-after residential locale in Mumbai, thanks to its proximity to the Eastern Expressway, Freeway, and the forthcoming 32 km Metro 4 corridor linking it to Thane. Furthermore, Atal Setu, connecting Sewri to Nhava-Sheva, has significantly cut travel times to Navi Mumbai, boosting property demand in the area and anticipating a rise in property values.
Siddha & Sejal Group invites home seekers to take advantage of this remarkable offer and become part of a landmark project.
Group Satellite Unveils Exciting Ganesh Chaturthi Offers for Home Buyers
Mumbai, September 5, 2024: As Ganesh Chaturthi approaches, the excitement among the people of Maharashtra is palpable. In celebration of this beloved festival, Group Satellite is offering special, limited-time deals that cater to those eager to buy a new home. With property prices on the rise, these exclusive offers provide a unique opportunity for prospective buyers to invest in their dream home during this auspicious season.
This Ganesh Chaturthi, Group Satellite presents an enticing home buying opportunity at their project Aarambh Avyaan. Amid a thriving real estate market, they are offering 1 BHK homes starting at an all-inclusive price of ₹54.50 Lacs. Homebuyers can make a down payment of just 10% plus Stamp Duty and financial freedom for the entirety of 2024. For every home purchase buyers stand to gain a 10 GM Gold Coin and a Modular Kitchen, merging luxury with practicality. This offer is valid till 18th September 2024 only.
Mr. Himanshu Jain, VP of Sales, Marketing & CRM at Satellite Developers, stated, “Ganesh Chaturthi heralds the beginning of the festive season in Maharashtra, a period when many people are inclined to invest in their dream homes. During this time, developers offer compelling deals, including significant discounts, fully furnished homes, and even holiday packages. With ongoing infrastructure developments across Mumbai, particularly in the western suburbs, both home buyers and investors are drawn to these areas for their strong potential for price appreciation and attractive returns on investment.”
Ultra-Luxury Homes Hit INR 2,443 Cr Sales in 8 Months Across Top Cities
Mumbai, 5 September 2024: The sale of ultra-luxury homes – units priced over INR 40 Cr each – remained unabated in 2024 despite spiralling prices. Latest ANAROCK data finds that a total of 25 ultra-luxury homes were sold in Mumbai, Hyderabad, Gurugram and Bengaluru in the first 8 months of 2024 for a collective sales value of approx. INR 2,443 Cr. Pune, Chennai and Kolkata did not witness any sales in this rarified price bracket.
Anuj Puri, Chairman – ANAROCK Group, says, “The whole of 2023 saw about 61 deals with a cumulative sales value of approx. INR 4,456 Cr in Mumbai, Hyderabad, and Gurugram. With four months remaining in 2024 and the festive quarter from October to December ongoing, we are likely to see more such large ticket-size residential deals happening before the year is through.”
Of the total of 25 ultra-luxury homes sold in 2024 so far, at least 20 were high-rise apartments worth approx. INR 1,694 Cr. The remaining five sales were of bungalows cumulatively worth about INR 748.5 Cr.
| No. of Homes Priced >INR 40 Cr. Sold in Top Cities | |||
| Year | Apartment | Bungalow | Grand Total |
| 2022 | 10 | 3 | 13 |
| 2023 | 57 | 4 | 61 |
| 2024 (till Aug) | 20 | 5 | 25 |
Amid the unprecedented rise in demand for ultra-luxury trophy homes in the last two years, Mumbai tops the list of cities with maximum sales of such properties, despite it being by far the most expensive residential market in India. The financial capital unfailingly attracts HNIs and ultra-HNIs who buy ultra-luxury homes for investment, personal use, or both.
“Notably, the average ticket price of homes priced >INR 40 Crore have witnessed a 2% rise in the last 8 months – from INR 1,00,208 per sq. ft. in 2023 to INR 1,02,458 per sq. ft. in August 2024,” says Puri. “A deeper dive into the data reveals that homes priced >INR 100 crore have seen a 14% price jump in the last eight months alone – from INR 1,24,697 per sq. ft. in 2023-end to INR 1,41,904 per sq. ft. in 2024 till date. This double-digit price appreciation in this segment even before the year concludes stands testimony to the unrelenting appetite for trophy homes. Not surprisingly, leading Grade A developers have scaled up ultra-luxury homes supply in the last few years.”
| Total Value (in INR Cr.) of Ultra-luxury Homes Sold | |||
| Year | Apartment | Bungalow | Grand Total |
| 2022 | 730 | 440 | 1,170 |
| 2023 | 4,115 | 341 | 4,456 |
| 2024 (till Aug) | 1,694 | 748.5 | 2442.50 |
Of the 25 ultra-luxury properties sold across the top cities in 2024 so far, Mumbai alone sold 21 units collectively worth INR 2,200 crore – an 84% share of the total deals in this segment across the top cities. At least 2 separate ultra-luxury home deals collectively worth INR 80 crore were closed in Hyderabad’s Jubilee Hills. Gurugram in NCR witnessed one ultra-luxury home sold for INR 95 Cr, while Bengaluru also closed one deal worth INR 67.5 Cr.
- Of the 25 deals closed across cities this year, 9 were of large ticket sizes worth over INR 100 Cr. each, and a collective sales value of INR 1,534 Cr. Contrastingly, the whole of 2023 saw 10 such large deals for a collective sales value of INR 1,720 Cr. We may see a new peak created in this segment over the 4 months remaining in 2024.
- Apartments remained the preferred property type for HNIs – out of the total 25 deals, 20 were for apartments and the remaining five for bungalows. At least 80% of the total deals were concluded by businessmen, and 12% by senior professionals from across various sectors. Bollywood celebrities and leading legal and medical professionals accounted for the remaining 8%.
Ultra-Luxury Homes Demand – A 3-Year Perspective
Demand for luxury and ultra-luxury homes has been scaling ever-rising heights since the pandemic. With demand soaring, developers have gone on a veritable launch spree for such high-priced homes. If we consider the collective data of 2022, 2023 and 2024 till August, over 99 ultra-luxury residential deals worth approx. INR 8,069 Cr. were closed in the top cities.
- At least 13 deals worth approx. INR 1,170 Cr were closed in 2022, of which at least 10 were for apartments and the remaining 3 for bungalows. Mumbai accounted for 11 of these deals, and the remaining two were closed in Delhi-NCR. Notably, none of the remaining 5 top cities saw such large ticket value deals in 2022. Of the 13 ultra-luxury homes sold in 2022, at least 9 were for units priced between INR 100 – 150 Cr – all in Mumbai City.
| No. of Homes Sold City-Wise | |||||
| Year | Delhi NCR | Mumbai | Hyderabad | Bengaluru | Grand Total |
| 2022 | 2 | 11 | 0 | 0 | 13 |
| 2023 | 4 | 56 | 1 | 0 | 61 |
| 2024 (till Aug) | 1 | 21 | 2 | 1 | 25 |